Officially Supported Export Credits in a Changing World

By Jian-Ye Wang, Yo Kikuchi, Sidhartha Choudhury, Mario Mansilla

July 1, 2005

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Jian-Ye Wang, Yo Kikuchi, Sidhartha Choudhury, and Mario Mansilla. Officially Supported Export Credits in a Changing World, (USA: International Monetary Fund, 2005) accessed November 9, 2024

Summary

This paper assesses the issues of government involvement in international trade finance stemming from the recent changes in global financial markets. This study is based on discussions with representatives of export credit agencies during the period from October 2003 to May 2004. A survey of 27 agencies provided valuable insights. Financial flows facilitated by official export credit agencies are large in comparison with official development assistance and gross lending by international financial institutions to developing countries. However, the importance of officially supported trade finance has been declining relative to the rapid expansion of world trade and total capital flows to developing countries. The study highlights the key challenges facing official export credit agencies, including complementing the private sector, facilitating financing to low-income countries while helping maintain these countries’ debt sustainability, and playing a positive role in the area of trade finance in international efforts to address emerging market financial crises.

Subject: Credit, Emerging and frontier financial markets, Export credits, Exports, Financial institutions, Financial markets, Insurance, International trade, Money, Multilateral development institutions, Trade finance

Keywords: Africa, Asia and Pacific, Central and Eastern Europe, Credit, Emerging and frontier financial markets, Europe, Export credit agency, Export credit business, Export credits, Exports, Financing, Global, Insurance, Market, OECD arrangement, Sub-Saharan Africa, Trade, Trade finance, Trade finance advantage, Trade finance provider, WEFS

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

World Economic and Financial Surveys No. 2005/003
Stock No:

WEOEA2005005
ISBN:

9781589064355
ISSN:

0258-7440

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